What Welcony does

Welcony is a privately held healthcare technology company that operates as a multi-brand neurotechnology platform, unifying four operating brands under a single corporate parent: Magstim (transcranial magnetic stimulation systems for mental health and neuroscience research), EGI (high-density EEG systems for research and clinical applications), Technomed (clinical neurophysiology accessories and neuromonitoring solutions), and Neurosign (intraoperative nerve monitoring accessories). The company sells FDA-cleared capital equipment including the Horizon Inspire, Horizon 3.0 (with StimGuide Pro navigation), and Magstim Rapid TMS systems — cleared for Major Depressive Disorder, Anxious Depression, OCD, Adolescent Depression (ages 15-21), and chronic pain — alongside the new EGI Geodesic EEG System 500 (GES 500), a 256-channel HD-EEG platform sampling at up to 4,000 Hz with architecture designed for AI/ML integration and closed-loop brain-computer interface applications.

The underlying technology combines proprietary TMS coil and navigation systems with high-channel-count EEG sensing; the GES 500 is explicitly designed to interoperate with Magstim stimulators, enabling TMS-EEG integrated research workflows. Welcony holds EU MDR certification, UKCA marking, and multiple FDA clearances across its TMS portfolio, and cites over 20,000 combined clinical references (including 15,000+ for Magstim and 5,000+ for EGI) as scientific validation.

Welcony generates revenue through direct enterprise sales of capital TMS and HD-EEG hardware, recurring sales of consumables and accessories (Technomed's 250+ SKUs in 65+ regions, Neurosign probes), and OEM/private-label manufacturing services for medical device partners. Distribution operates through four regional headquarters — USA (Roseville, MN), UK (Whitland, Wales), Netherlands (Kerkrade), and Indonesia (Bandung) — covering more than 100 regions via direct field sales, expert consultation, and virtual demonstration. The company is backed by private equity firm Telegraph Hill Partners and led by CEO Ronnie Stolec-Campo; pricing is not publicly disclosed and is set via direct sales consultation with hospitals, clinics, and research institutions.

Name

Welcony

Legal name

Welcony, Inc.

Website

https://welcony.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Welcony is a private healthcare technology company unifying four neurotechnology brands — Magstim (TMS), EGI (HD-EEG), Technomed, and Neurosign — to deliver FDA-cleared brain stimulation, EEG, and neuromonitoring products to hospitals, clinics, and research institutions across 100+ regions.

Ownership category

akta.pro rank

Product category

Neurotechnology and Neuromodulation Devices

NAICS

Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345)

SIC

Electromedical & Electrotherapeutic Apparatus (3845), Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Neurological Monitoring (EEG, Seizure/Sleep/Neuro Wearables) (HLAHACAE)

Keywords

• Transcranial magnetic stimulation
• High-density EEG systems
• Intraoperative nerve monitoring
• Clinical neurophysiology accessories
• Neuromodulation devices

Headquarters

HQ city

Rockville

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. TMS Hardware Sales: Sale of transcranial magnetic stimulation systems including stimulators, coils, navigation equipment, and accessories to hospitals, clinics, and research institutions.
2. HD-EEG Systems Sales: Sale of high-density EEG systems, sensor nets, amplifiers, and EEG accessories to researchers and clinicians in neuroscience and clinical settings.
3. Clinical Neurophysiology Products: Sale of clinical neurophysiology and neuromonitoring accessories including electrodes, stimulating probes, and medical accessories. Includes OEM and private label solutions for medical device manufacturers.
4. OEM and Private Label Solutions: Customized manufacturing services for medical device manufacturers, designing and producing medical accessories under partner brands.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Welcony manufactures and sells neurotechnology products across four brands: Magstim transcranial magnetic stimulation (TMS) systems for non-invasive treatment of depression, OCD, anxious depression, adolescent depression, and chronic pain; EGI high-density EEG (HD-EEG) systems and sensor nets for neuroscience research; Technomed clinical neurophysiology and neuromonitoring accessories including electrodes and stimulating probes; and Neurosign intraoperative nerve monitoring solutions.

Product overview

Welcony is a healthcare technology company operating a multi-brand portfolio model with four distinct product lines unified under one corporate entity. The core offerings include: Magstim TMS (Transcranial Magnetic Stimulation) systems including Horizon Inspire, Horizon 3.0, and Rapid variants for mental health treatment and pain therapy; EGI HD-EEG solutions featuring the new Geodesic EEG System 500 (GES 500) and sensor nets for neuroscience research; Technomed clinical neurophysiology and neuromonitoring accessories with 250+ products available in 65+ regions; and Neurosign intraoperative neuromonitoring solutions including the new Hooked Probes. These products serve hospitals, clinics, and research institutions worldwide, with brands offering both standalone solutions and integrated systems (e.g., TMS-EEG integrated solutions).

Differentiator

Problem solved

Functional benefit

Brands

• Neurosign: A brand of Technomed providing neuromonitoring accessories for intraoperative nerve monitoring, offering electrodes, stimulating probes, and stimulating instruments trusted by healthcare professionals worldwide.

Products and services

• Magstim TMS Systems Transcranial magnetic stimulation (TMS) systems providing non-invasive magnetic field stimulation for targeted brain areas, used to treat depression, OCD, anxious depression, adolescent MDD, and chronic pain. Sold to hospitals, clinics, and research institutions globally.
• Magstim Horizon Inspire TMS System Transcranial Magnetic Stimulation system with integrated navigation for clinical treatment of mental health conditions, FDA-cleared for adolescent MDD treatment in patients aged 15-21.
• Magstim Horizon 3.0 with StimGuide Pro Advanced TMS system with StimGuide Pro navigation guidance for precise brain stimulation targeting, FDA-cleared for treatment of Major Depressive Disorder in adolescent patients aged 15-21.
• Magstim Rapid TMS System TMS system FDA-cleared for stimulation of peripheral nerves for relief of chronic, post-traumatic, and post-surgical pain. Features 15-inch touchscreen, Windows-based platform, and multiple configurations including Standard Rapid 50Hz, Super Rapid 100Hz, and Super Rapid Plus1 100Hz.
• EGI HD-EEG Systems High-density electroencephalography systems with up to 256 channels for clinical and research applications. Trusted EEG brand featured in over 5,000 publications.
• EGI Geodesic EEG System 500 (GES 500) Next-generation HD-EEG platform featuring up to 4,000 samples per second across 256 channels, integrating brain sensing and stimulation capabilities with both commercial and open-source software tools for AI/ML closed-loop applications and brain-computer interfaces.
• Technomed Clinical Neurophysiology Products Comprehensive range of clinical neurophysiology accessories and neuromonitoring solutions including electrodes, stimulating probes, and medical accessories. Over 40 years of experience, 250+ products available in 65+ regions. Includes OEM and private label solutions for medical device manufacturers.
• Neurosign Hooked Probes Next-generation disposable stimulating probes for intraoperative nerve monitoring. Available in 90, 100, and 180 degree angles with double and triple hooked designs, ergonomic handle, and color-coded shafts and lead wires.
• Neurosign Neuromonitoring Solutions Neuromonitoring accessories including electrodes, stimulating probes, and stimulating instruments for precise monitoring of neural function during surgical procedures, trusted by healthcare professionals worldwide for accuracy and reliability.

Quantifiable outcome

• Over 15,000 peer-reviewed TMS citations supporting Magstim technology
• +3 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature6 records

Scale indicators7 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• Natus Medical: Natus Medical (now part of Natus Neuro) is a broad incumbent in neurodiagnostics, offering EEG systems, EMG/EP/IOM products, and clinical neurophysiology equipment that directly overlap with EGI HD-EEG and Neurosign/Technomed neuromonitoring offerings. Targets the same hospitals, neurology clinics, and surgical teams.
• Medtronic (Neuromodulation): Medtronic's Neuromodulation division offers implantable DBS, SCS, and other neurostimulation systems. While implantable versus Magstim's non-invasive TMS, both compete for the same neurology/psychiatry treatment budgets and patient pools (e.g., treatment-resistant depression via DBS vs. TMS), making Medtronic a relevant broader incumbent in clinical neuromodulation.

Emerging players

• iMotions: iMotions provides biosensor research platforms integrating EEG, eye tracking, and other biometrics for human behavior research. While not a direct TMS competitor, addresses overlapping neuroscience research customer base and emerging multimodal brain research workflows that complement Welcony's TMS-EEG offerings.

Direct peers

• Cadwell Industries: Cadwell Industries manufactures clinical neurophysiology, EEG, EMG, and intraoperative neuromonitoring equipment with overlap to both EGI HD-EEG and Technomed/Neurosign accessories. Targets similar hospitals and clinical neurophysiology practitioners in the US and internationally.
• Neuronetics: Neuronetics manufactures NeuroStar, a leading TMS system for MDD treatment and the most clinically deployed TMS system in the US. Direct competitor to Magstim in the clinical TMS market, with overlapping FDA-cleared indications (MDD, OCD, anxious depression) and similar hospital/clinic target customers.
• Compumedics: Compumedics manufactures EEG, sleep diagnostic, and neuromonitoring systems (Neuroscan, E-Series, Grael) competing with EGI HD-EEG products in research and clinical markets. Serves similar neuroscience research institutions and clinical neurophysiology departments globally.
• Brainlab: Brainlab offers navigated TMS solutions with software-driven targeting and treatment planning, competing with Magstim's Horizon 3.0 / StimGuide Pro navigation offering. Targets the same clinical TMS workflow with emphasis on neurosurgical planning integration and precise coil positioning.
• MagVenture: MagVenture manufactures TMS systems (MagPro) for clinical and research applications with FDA-cleared MDD indication. Direct competitor to Magstim in TMS hardware, particularly strong in research settings and offering overlapping clinical depression treatment solutions.
• ANT Neuro: ANT Neuro offers high-density EEG systems (eego, waveguard), TMS-compatible EEG solutions, and magnetoencephalography competing with EGI's HD-EEG product line. Particularly comparable in TMS-EEG integration capabilities and neuroscience research customer base.
• Brainsway: Brainsway develops Deep TMS systems using H-coils for deeper, broader brain stimulation, with FDA-cleared indications including MDD, OCD, and smoking cessation. Direct competitor to Magstim in clinical TMS with differentiated deep stimulation technology and overlapping provider customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/welcony

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Welcony